Tesla CEO Elon Musk has made the electric car maker’s shareholders a lot of money. The company’s stock is up nearly 2,000 percent from its $17 per share initial public offering, which was held eight years ago on June 29, 2010. The stock market is rewarding companies that have a believable narrative on how to […]
Read moreConstellation Brands shares dropped on Friday after the company’s quarterly earnings missed expectations amid lower margins and rising marketing costs. The stock fell 4 percent after the spirits company reported an adjusted quarterly profit of $2.20 per share for its first fiscal quarter, below a Thomson Reuters consensus estimate of $2.43. The Corona beer producer […]
Read moreAn estimated 125 million people are playing “Fortnite” worldwide. The game is doing something that most other major ones have failed to do — bring together gamers from across all platforms. All but one, that is. Sony’s PlayStation 4 is the holdout. The console doesn’t allow cross-platform gameplay for its customers. And it’s hurting Sony’s […]
Read moreApple is building a brand new version of Apple Maps, TechCrunch said on Friday. People who live in the San Francisco Bay Area of California will reportedly get to try the new version first, beginning sometime next week when Apple launches a new iOS 12 public preview. Apple has tried to catch up with Google […]
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Investors bailed out of U.S. stocks at a near-record pace in the last week, as money flowing into Treasury bills surged to a 10-year high. Outflows from U.S. stock funds and ETFs totaled $24.2 billion, the third-highest ever, and the $30 billion that came out of global stock funds in total in the past week […]
Read moreAlthough the tax reform has created a friendlier environment for start-ups, regulations need to be pared down in order for the U.S. to stay competitive, said John Chambers, former Cisco CEO. “I give good marks to Congress and the administration in terms of beginning to get a better tax environment, but we’ve got to move […]
Read moreAmazon has poured billions of dollars into warehouse expansion during the past decade to make room for the massive influx of inventory the company is storing for third-party sellers. Now, it’s putting in place a program to force those sellers to use the space more efficiently, penalizing those who don’t. It’s part of Amazon’s effort […]
Read moreData analytics firm Domo initially spiked as much as 16 percent, and then pared some of that gain in its debut trade Friday. Shares opened at $23.80 and rose as high as $24.40 after pricing Thursday night at $21. The stock fell to $22 within the first half hour of trading. The Utah-based company sold […]
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Apple’s new iPhone and iPad software update, iOS 12, launches this fall — you can try it now if you want to — and includes a brand new Stocks application. The Stocks app on the iPhone has typically been pretty bare bones, but showed current and historical share prices for different companies you might be […]
Read moreThe Trump administration’s much-publicized increase in immigration enforcement is also increasing the bottom line for for-profit prisons and other companies from the private sector, with many signing multimillion-dollar contracts with the Department of Homeland Security. “A lot of people imagine immigration detention as being a government-only function, but there are private contractors throughout the entire […]
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